If you’re thinking about buying or selling your home, you aren’t alone. According to the Census Bureau, a little over 11 precent of the US population will move this year. Recently, we’ve helped our clients move because of new jobs, growing families, the desire to downsize, and the need to be closer to family and friends.
We thought you might be interested to learn the most common motivators to buy or sell a home.
First-time homebuyers often buy a “starter” home perfectly sized for two. When a family starts to grow space can get tight quickly. When families outgrow their home, they typically look for more square footage, a better community/schools, and more updates.
You won’t be shocked to hear that traffic is getting worse. As a result, more and more people are placing greater value on proximity to work. For many, it’s worth it to trade some square footage or amenities in order to spend less time on the road.
Whether it’s a new financial situation, a new city, or even a housing stipend, people commonly move as a result of a new job opportunity or a promotion.
Empty nesters frequently decide to downsize to a smaller, lower-maintenance home. Other homeowners may opt to downsize because of health related issues.
Another motivating factor for buying and sellers is proximity to family. Whether it’s parents, siblings, or extended family, being close to family is important to many homeowners.
If one of these reasons for moving applies to you and a change is in your future, please get in touch and let us help you navigate this dynamic market.